Germany: 3 days of telework per week and €1,000 allowance at Deutsche Bank

After much procrastination, Deutsche Bank and its central works council (Gesamtbetriebsrat) have together reached an agreement for implementing hybrid working. This framework agreement allows employees of Germany's largest bank to work remotely for up to 40% of their working hours, and in special cases for even up to 60%. Those who commit to at least two days of teleworking a week will receive an employment allowance of €1,000, which will be renewed every five years.
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According to a Deutsche Bank spokesperson contacted by Planet Labor, the new working model offers employees both “flexibility and a reliable framework”. “We want to lay the groundwork for the post-Covid era, so that we can offer the most solid scheduling environment possible,” the spokesperson stated. The framework agreement includes the following provisions:

  • Employees will be able to work up to 40% of their working time remotely (located in Germany) and, in exceptional cases, up to 60%, with t
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